Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Austria’s RBI more than doubles quarterly profit
Finance

Austria’s RBI more than doubles quarterly profit

February 1, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

VIENNA, Jan 31 (Reuters) – Austria’s Raiffeisen Financial institution Worldwide (RBIV.VI), one of many banks in Europe most uncovered to Russia, on Tuesday stated fourth-quarter revenue greater than doubled and that it had “superior” its evaluation of the way forward for its Russia and Belarus enterprise.

RBI has been finding out strategic choices for the enterprise, together with a potential withdrawal, following Russia’s invasion of Ukraine final yr. It has warned that its effort could take a while.

CEO Johann Strobl stated RBI had “superior” its evaluation of the companies there however offered no particulars.

“We function in a beforehand unknown, advanced market surroundings. This consists of ever-changing authorized and regulatory necessities,” he stated.

Consolidated revenue within the quarter was 826 million euros ($897.78 million). That’s up from 317 million euros a yr in the past and higher than the 657 million euros anticipated by analysts. Enterprise from Russia has lifted earnings in current quarters.

Newest Updates

View 2 extra tales

The lender has operated in Russia for the reason that collapse of the Soviet Union.

Its enterprise there, considered one of Russia’s largest banks by property, has contributed closely to the group’s revenue, however due to sanctions, what it earns in Russia stays in Russia.

RBI additionally stated that it could advocate a dividend of as much as 80 cents per share.

($1 = 0.9200 euros)

Reporting by Alexandra Schwarz-Goerlich and Tom Sims, enhancing by Thomas Escritt and Deepa Babington

: .

Source link

Austrias Doubles profit Quarterly RBI
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Wall Street rises on hopes for trade deals that could forestall a recession

May 9, 2025

AMC Entertainment posts lower revenue over decrease in theater attendance

May 9, 2025

Bumble reassures investors as first-quarter revenue meets expectations

May 9, 2025

Federal Reserve Keeps Key Interest Rate Unchanged

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

‘Chaotic, calming and life-altering’: Sapan Verma on embracing fatherhood, impact of AI, and future of comedy in India | Lifestyle News

May 9, 2025

Bears’ Caleb Williams drops 2-word reaction in Chicago lingo to welcome new Pope

May 9, 2025

Pakistan Did Not Close Airspace, Used Civilian Flights As Shields During Drone Attack On India

May 9, 2025

Liz Hurley’s Pals Seek Intervention Over Billy Ray Cyrus Relationship

May 9, 2025
Popular Post

How To Run Programs As Administrator in Windows 10 & 11

How fintech tokenization empowers users and boosts innovation (VB On-Demand)

Ballplayers in Japan prep fight for earlier free agency, and chance to join MLB sooner

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.